SkillSoft says proxy advisory firm in favor of buyout by private investor group
By APThursday, March 25, 2010
SkillSoft says proxy group in favor of buyout
NASHUA, N.H. — SkillSoft PLC, an education software company that has agreed to be taken private, said a proxy advisory firm RiskMetrics Group is recommending that its clients vote in favor of the company’s acquisition.
SkillSoft said in February it has agreed to be purchased by a private investor group, SSI Investments III Ltd., for about $1.1 billion.
SSI was formed by funds sponsored by Berkshire Partners LLC, Advent International Corp. and Bain Capital Partners LLC.
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